Precision Helps Co2 Nexus Launch New Technology

Denver, CO – July 19, 2011 – We are thrilled to announce today the introduction of our groundbreaking liquid carbon dioxide based fabric and textile cleaning machine. CO2Nexus is a Denver, CO-based company dedicated to developing equipment and consumables that use liquid carbon dioxide (CO2) to clean fabrics and textiles. We are a spin-out of the premier worldwide CO2 R&D entity – FeyeCon Development & Implementation B.V. We are also pleased to announce our partnership with Denver-based Revolution Cleaners, who will field the first dry cleaning unit at their Denver plant.

Liquid CO2 – the same substance that puts the fizz in every carbonated beverage – has excellent solvent properties and is intrinsically sustainable, since it is in-exhaustible, cheap, non-toxic, non-hazardous, non-flammable, and cannot spill into the soil or groundwater. Chemical based solvents currently used in the dry cleaning industry are being phased out and/or have health and liability risks. Water based laundering methods are taxing already severely depleted water resources, especially in the Western U.S.

The CO2 used in the CO2Nexus systems is recycled from existing industrial processes and as such is completely carbon neutral.

CO2Nexus will also field a system later this year targeting the industrial laundry market, in partnership with one of the largest U.S. based service providers in that market. Industrial laundry uses water as the primary cleaning solvent.

Richard Kinsman, CEO of CO2Nexus comments: “Chemical and water based dry cleaning and laundering methods have real consumer marketing and environmental-health liabilities that will only get worse. At the same time, the performance, operating costs, sustainability and consumer marketing benefits of CO2 are attractive and will continue to get better, which is why we believe it to be the best long term option. Our association with FeyeCon on the technology side, and with the primary service providers at the industry level assures us that we have both the scientific and practical basis to implement the technology.”

CO2Nexus will offer commercial units starting in Q1 of 2012.

Denver-based Precision Pipe & Vessel, LLC will serve as our manufacturing partner. Mr. Kinsman: “PPV has tremendous know-how and a real track record in gas processing equipment and components. They bring tremendous value to our organization and we are proud to be partnered with them.”

Edward Pizzarello of Revolution Cleaners confirms their involvement: “We’re excited to be able to install the first unit in our facility. Revolution Cleaners has been on the leading edge of CO2 cleaning in Denver for over 6 years. CO2 has been our only cleaning solvent, and we’re thrilled with the opportunity to move to the next generation of CO2 cleaning technology.”

State and federal agencies have established grant based incentives to encourage the adoption of CO2 based systems, beginning in CA. Other states are anticipated to follow.

About CO2Nexus Inc.

CO2Nexus Inc. designs and sells equipment that uses recycled liquid carbon dioxide (CO2 ) to replace water and chemical based cleaning solvents in dry cleaning and industrial laundry.  Liquid CO2  – the same substance used to “fizz” beverages –  is an intrinsically excellent cleaning solvent and, unlike other solvents, is in-exhaustible, cheap, non-toxic, non-hazardous, non-flammable, and leaves zero secondary waste. www.co2nexus.com

About Revolution Cleaners

Revolution Cleaners cleans exclusively with recaptured, liquid carbon dioxide (CO2 ) & water (H2O); positioning themselves as the most experienced dry cleaner in Colorado using these methods. CO2  and H2O are naturally effective cleaning agents for a wide range of garments and household items. The absence of heat in Revolution’s  cleaning process ensures that stains come out more readily and garments have a longer life. With Revolution, your clothes are cleaner, softer and fresher than with traditional dry cleaning methods. www.revolutioncleaners.com

About Precision Pipe & Vessel

Precision Pipe & Vessel (PPV) is a Denver-based fabrication facility with extensive experience in gas processing, alternative energy and the cleantech industry. They offer top notch engineering, fabrication and product development services to clients across the US. With a track record of successfully serving customers for over 30 years PPV has proven themselves to be a reliable and effective fabrication facility. www.precision-pipe.com

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Natural Gas Processing Equipment

For those of us who have been in the business of supplying the oil and gas industry with ASME pressure vessels, welding, and skid packages we all know the “feast or famine” cliche all too well.  It seems that the feast may be building as well head projects have now turned to midstream to begin production.  After 30 years of the ups and downs in the gas business I’m not surprised to be seeing another dramatic upswing in the demand for process equipment like columns, separators, slug catchers, pots and pans pressure vessels, and compression.  As oil has been settled around $100 a barrel, NGL’s (Natural Gas Liquids) are worth a premium!  What the general public doesn’t know is that the gas boom isn’t really about the methane gas (although changes in public and government sentiment around using coal to produce power is also driving the boom) but it has far more to do with the NGL’s that need to be separated from the natural gas streams.

In the 1980’s we built a good business by providing comparably smaller size Natural Gas plants to individual producers that were running between 50k scf/d and 25mm scf/d. However, the days of small natural gas producers seem to be facing an einvitiable end. Although, we still build an occasional NGL plant  (JT or Refrigeration) it seems that large large single components like re-boilers, separators, columns, towers, and random pressure vessels or heat exchangers are getting much larger in size to handle large scale centralized natural gas processing facilities.  The days of building an entire skid package so a small producer can sell into the pipeline has given way to being a vendor that supplies parts and pieces to a large scale facility.

Currently, we have have on order several towers that have various packing requirements that are all in excess of 4′ X 80′.  We are also building catalytic reactors for the removal of oxygen, slug catches, pulsation bottles, and other various components.  These vessels range in size a weight between a few hundred pounds all the way up 40,000 lbs.  However, the commonality is that it is all for gas production throughout the USA.  This years business activity in gas processing is a stark contrast to last year when we did less than 25% of our business with oil and gas projects.  I welcome the feast as we have always enjoyed working with clients in the Oil and Gas industry.  Like always, Precision Pipe and Vessel is working very hard to meet tight deadlines and get these components into the field in record time.

http://www.Precision-Pipe.com

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